ING: UBS remains positive, trimming target price

(CercleFinance.com) - UBS reiterates its 'buy' recommendation on ING shares, while reducing its target price for them from E21 to E20.
8, a new TP which implies 29% upside potential rise for the Dutch bank's share.

Although ING is partially hedged against falling rates, it is not immune, the broker says, which has reduced his forecasts due to the fall in short-term swap rates, while it still considers the stock attractive.


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